DAHON TECH (02543.HK), the largest folding bicycle company in Mainland China, announced its IPO details, planning a global offering of 7.92 million H shares, with 10% allocated for Hong Kong public offering and the remainder for international placement.

The IPO price per share was set at HKD49.5. The entry fee for one board lot (100 shares) was HKD4,999.92. The IPO aimed to raise approximately HKD392 million. The IPO starts today (1st) and will close on Thursday (4th), with the listing scheduled for next Tuesday (9th). China Securities International is the sole sponsor.

The company introduced four cornerstone investors for its listing, including Harvest, and Veken Hong Kong, a subsidiary of VEKEN TECH (600152.SH) , expected to subscribe for USD12.7598 million worth of company shares.
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